part b

part c

repeat prevuous part(partb) but use forward contracts to construct trading strategy

The exchange rate between the New Zealand dollar (NZD) and the US dollar (USD) from Jan 2017 until December 2019 is plotted below. The exchange rate is expressed in USD/NZD. NOUSDANZDUSD - Bachare.com Data 07/24/2017 Close U Charge AS VOL 17140 Who 700C WN ", WM (3 points) Did the New Zealand dollar appreciate or depreciate against the US dollar over this period? Explain. (3 points) Present a trading strategy to profit from these exchange rate moves (with the benefit of hindsight). Explain why this trading strategy works. Do not use derivatives (futures, forwards, options etc.) as part of your strategy tha The exchange rate between the New Zealand dollar (NZD) and the US dollar (USD) from Jan 2017 until December 2019 is plotted below. The exchange rate is expressed in USD/NZD. NOUSDANZDUSD - Bachare.com Data 07/24/2017 Close U Charge AS VOL 17140 Who 700C WN ", WM (3 points) Did the New Zealand dollar appreciate or depreciate against the US dollar over this period? Explain. (3 points) Present a trading strategy to profit from these exchange rate moves (with the benefit of hindsight). Explain why this trading strategy works. Do not use derivatives (futures, forwards, options etc.) as part of your strategy tha